I'm riding this thing all the way down but I sure didn't like the numbers today and these stories...

[liggy]

In hindsight I should have listened to my gut when Rawlinson departed and bailed but it's too late now. Determined to see this through.
Still hopeful for a turnaround. Links seem to be verboten so a screenshot will have to do.

https://****************.com/lucid/...r-has-sold-4-million-in-stock-since-departure

Lucid Group Inc (LCID) Stock Price & News - Google Finance

Get the latest Lucid Group Inc (LCID) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.

www.google.com

 

[MJAir23TheGoat]

LCID is now .95 cents
Might as well ride it out now
Not much of a risk left if holding

 

[liggy]

LCID is now .95 cents
Might as well ride it out now
Not much of a risk left if holding

Agreed. Kind of crazy with these recent +/- 5-8% daily whipsaws.

I've doubled down twice before and even though it's slightly tempting at $0.95 - gonna pass.
I don't really want to play that short term game - trying to limit short term gains/income right now.

Fingers crossed.

 

[Leftlane]

LCID is now .95 cents
Might as well ride it out now
Not much of a risk left if holding

This is a fool’s trap - totally get it, do the same thing myself. But when someone asks “I might as well hold on - how much further can it go down?”, that answer is “it can go down 100% from here”. I’ve said the same thing many times about my RIVN holdings after watching it crater from $170 to $15 - it’s still in my portfolio because now it literally is worth almost nothing anyway, and I keep hoping for a miracle on that one too.

I guess just look at it as a sunk cost and forget about it.

 

[liggy]

This is a fool’s trap - totally get it, do the same thing myself. But when someone asks “I might as well hold on - how much further can it go down?”, that answer is “it can go down 100% from here”. I’ve said the same thing many times about my RIVN holdings after watching it crater from $170 to $15 - it’s still in my portfolio because now it literally is worth almost nothing anyway, and I keep hoping for a miracle on that one too.

I guess just look at it as a sunk cost and forget about it.

Yep - that money is already spent. I've had a couple like that. Luckily more winners than losers on the overall.

Here's to a minor miracle.

 

[Tim-in-CA]

The entire market is down except for a few of my holdings (thank you Costco). I didn't go heavy into LCID (only about $10K) ... I guess when the time comes, it will help offset my gains come tax time.

 

[Buffalo Bob]

The entire market is down except for a few of my holdings (thank you Costco). I didn't go heavy into LCID (only about $10K) ... I guess when the time comes, it will help offset my gains come tax time.

Don't feel too alone... I also took the plunge for another 1,000 shares today. Unfortunately, I should have waited another few hours.. or maybe days.. or maybe months.. or.....

 

[liggy]

Let's go Costco special dividend!

Never say never but as keepers go - COST knows how to win when the economy is good or when consumers are being uhhh... "choiceful"

I do not see selling any Costco shares anytime soon in my future.

 

[borski]

In hindsight I should have listened to my gut when Rawlinson departed and bailed but it's too late now. Determined to see this through.
Still hopeful for a turnaround. Links seem to be verboten so a screenshot will have to do.

https://****************.com/lucid/...r-has-sold-4-million-in-stock-since-departure

Lucid Group Inc (LCID) Stock Price & News - Google Finance

Get the latest Lucid Group Inc (LCID) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.

www.google.com

View attachment 36652

a) that source is banned because it is trash
b) the former chief engineer is selling their stock, probably because he is embroiled in a lawsuit against Lucid

 

[Buffalo Bob]

a) that source is banned because it is trash
b) the former chief engineer is selling their stock, probably because he is embroiled in a lawsuit against Lucid

...And unless things have changed since my day, a lot of employee stock options are structured such that you only have so long after you leave to sell the vested ones...

 

[tmichael]

...And unless things have changed since my day, a lot of employee stock options are structured such that you only have so long after you leave to sell the vested ones...

I'd be surprised if ANY options received so far are "in the money."

 

[Buffalo Bob]

I'd be surprised if ANY options received so far are "in the money."

They could be restricted stock units, which are worth whatever the stock price is.

 

[tmichael]

They could be restricted stock units, which are worth whatever the stock price is.

Correct. Just referring to "options".

 

[sri]

In Lucid’s world every week is a new 52 week
Hope Lucid have some good news for the investors day and the stock holds still.

 

[socktucker]

Eh it dipped in line with the whole market.

 

[borski]

...And unless things have changed since my day, a lot of employee stock options are structured such that you only have so long after you leave to sell the vested ones...

also this, yeah

 

[BrianBigNFun]